The meeting’s top priority was the discussion and subsequent unanimous approval of the town’s operating budget for fiscal year 2024. Key highlights include the implementation of a fire rescue department, anticipated increases in property values, decreases in debt, and conservative projections for healthcare and insurance costs. The commission underscored the town’s success in completing a fire station and securing appropriations for vital infrastructure projects.

It was noted that the operating budget anticipates replenishing reserves with over $642,000 while reducing water debt service by $375,000. The commission expressed satisfaction with the town’s progress and its ability to bolster reserves without raising the millage rate. Additionally, the discretionary sales tax fund was projected to facilitate $711,000 in various public works and capital investments, with planning for its expiration in 2026.

The financial outlook for the town’s water and sewer departments was another focal point, with discussions centered around capital outlay, operating expenditures, and fund balance. The water department’s revenues are expected to increase, and the department is projected to maintain a 131-day unrestricted fund balance. The debt service for the water department will decrease to $810,000, and the commission noted that the department’s budget is well-balanced, illustrating confidence in its ability to manage the fund effectively.

A significant infrastructure topic covered was the road revamping project and its implications for lining the sewers. The project’s mobilization concerns were highlighted, and the prospect of financing through a State revolving fund was considered, which could offer super low interest rates but might require 12 to 18 months for grant approval. The commission also discussed upcoming projects such as the 75th Anniversary festivities, the rehabilitation of the old fire station, and Balo Bridge repairs, emphasizing the strong financial position that could potentially return half a million dollars to reserves.

The cost of rehabilitating the old fire department building was estimated at around a million dollars, drawing attention from both the commission and the Financial Advisory Board, which is expected to provide feedback on the budgeting process. Property values and millage rates were deliberated, with a focus on maintaining the current millage rate. However, a 23% decrease in projected revenue, attributed to the fire department, was noted, with no additional reserves or an increase in the millage rate.

The commission tackled the growth in Personnel Services and the transition from Del providing fire services to the town managing its own fire department.

During the public comments section, a resident inquired about the impact of recent recertification on the town’s permanent staff and requested access to a beach report. The building official confirmed that recertification would not affect the staff and addressed the revenue generated from working with Gulfstream.

The commission addressed a Professional Services agreement with Wagner Legal Services PLLC for special magistrate services, necessary for handling potential shortages in the code enforcement board and maintaining continuity of operations. The expertise and impartiality of Mr. Wagner were noted as beneficial for the town. Furthermore, the commission discussed the implementation of a special magistrate for code enforcement issues, debating the need for a professional level decision-maker and community involvement in the process.